I'm not sure how to ask this distribution question so hopefully this is understandable.
I called the insurance company regarding this 1099-R form we received to gather more information since my wife and I never knew about this policy and assumed this was a mistake. Apparently, her father took out an insurance policy through the military back in 1956 on his daughter (my wife), which has been in affect all this time. When payments stopped (I assume this is when he retired from the military in 1971 or when he died in March 1991), the cash value of the policy took over paying the premiums until the cash value ran out in June of 2022.
Wouldn't he be responsible for the gross distribution of the policy if he was still alive?
Why is she responsible for something her dad initiated?
